Russel Metals (TSE:RUS) PT Lowered to C$22.00

Russel Metals (TSE:RUS) had its price objective lowered by Royal Bank of Canada from C$25.00 to C$22.00 in a research report released on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages also recently commented on RUS. Raymond James set a C$27.00 price objective on shares of Russel Metals and gave the company an outperform rating in a research note on Monday. BMO Capital Markets dropped their price objective on shares of Russel Metals from C$26.00 to C$24.00 in a research note on Thursday, July 4th.

Shares of TSE:RUS opened at C$18.89 on Monday. The company has a market cap of $1.17 billion and a price-to-earnings ratio of 5.48. The company has a debt-to-equity ratio of 71.81, a current ratio of 2.75 and a quick ratio of 1.10. The firm has a 50 day simple moving average of C$20.67 and a 200 day simple moving average of C$22.62. Russel Metals has a one year low of C$18.47 and a one year high of C$29.79.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.05%. The ex-dividend date is Monday, August 26th. Russel Metals’s dividend payout ratio (DPR) is currently 44.06%.

About Russel Metals

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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